Jindal Steel tanks as CBI registers a fresh case

New Delhi: Shares of Jindal Steel & Power Ltd dipped as much as 13.2 per cent in trade on Monday, after the CBI registered a fresh case of alleged cheating and corruption against Jindal Steel

India TV News Desk [ Updated: October 20, 2014 10:35 IST ]

jindal steel tanks as cbi registers a fresh case

New Delhi: Shares of Jindal Steel & Power Ltd dipped as much as 13.2 per cent in trade on Monday, after the CBI registered a fresh case of alleged cheating and corruption against Jindal Steel and Power Limited among others in connection with its probe into coal blocks allocation probe.

At 10:35 am, JSPL was trading 8.27 per cent lower at Rs 135. It hit a low of Rs 128 and a high of Rs 145 in trade today.

PTI said in a report quoting a CBI spokesperson that it is the 36th FIR in connection with its probe into the coal blocks scam.

The fresh case has been registered against Jindal Stripes Limited, Jindal Steel and Power Limited and unknown public officials for alleged criminal conspiracy and cheating under the Indian Penal Code and provisions of the Prevention of Corruption Act, CBI sources said.